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Top Five Features to Look for in Branch Cash Management Software

After the third Fed funds rate increase of the year, financial institutions should consider focusing on branch cash management initiatives that identify and minimize non-interest earning assets through optimizing cash inventory to ultimately reinvest it into lending and other investments. One of the most cost effective and efficient ways for a bank or credit union to reduce excess cash is by using a software solution. However, many institutions don’t know where to start when looking for a branch...

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Topics: Cash Management

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Four Places Your Branch May be Stockpiling Excess Cash

Whether a financial institution has 10 branches, or more than 100; they all face similar challenges when it comes to branch cash management. My colleague previously discussed that banks and credit unions shouldn’t fear running out of cash. However, there are many reasons a branch might feel the need to keep more cash-on-hand then they need, or in some cases they may not be aware of where the excess cash is.

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Topics: Cash Management

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5 Warning Signs of Poor Branch Cash Management

Most retail operations and branch managers at banks and credit unions believe that they are doing a good job of managing cash. While they may admit to some room for improvement (nobody’s perfect, right?!), many don’t believe that tweaking their branch cash management practices would significantly improve the branch’s operations or profitability. As a result, many branches operate under the myth that they are doing a good job of managing cash. However, here are five warning signs that might revea...

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Topics: Cash Management

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3 Branch Cash Management Mistakes That You Don’t Know You’re Making

According to the Federal Reserve Bank of San Francisco, cash is still the most frequently used retail payment instrument; used in nearly one-third of all transactions, even when other options are available. Data also shows that 89 percent of all Americans carry cash to some extent, and nearly two-thirds hold cash every day. As a result, consumers are dependent on banks and credit unions to get the cash they need for everyday spending. However, branches and ATMs do not always meet their demand fo...

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Topics: Cash Management, Cash Usage

Make Running Out of Cash a Thing of the Past

Straps of Cash - Emergency Shipments At one point or another, most customers have probably experienced an ATM that’s out of cash, or had trouble getting the denominations they need when they visit a branch. It’s rare, but it happens from time to time at most branches, and sometimes more often than some would like to admit. Why are branches running out of certain denominations and cannot fulfill demand? How does this shortage impact the branch and its customers? What can branches do to address th...

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Topics: Cash Management, Vault Cash

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Myth of Branch Cash Management: Reducing Cash equals Optimal Cash Levels

#1 Myth of branch cash management: Reducing Cash equals Optimal Cash Levels While cash is central to banking operations, most financial institutions (FIs) carry too much of it (about 20-30% more than what they actually need) and unwittingly bear the direct and indirect costs of carrying excess cash. When banks and credit unions find out that they’re carrying too much, they often reduce their cash levels by a flat percentage across the board and assume that they’ve addressed the issue and solved ...

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Topics: Vault Cash, Branches and ATMs, Cash Management, Cash Limits, Cash Usage

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Top Three Challenges & Solutions for Cash Management

With interest rates poised to rise in the coming quarters, financial institutions (FIs) must seriously undertake cash management initiatives that identify and minimize non-earning assets (such as un-needed or excess cash in ATMs, cash dispensing machines, teller drawers and vaults), optimize cash inventory and redeploy excess cash profitably through loans and investments. While most FIs “think” they manage cash efficiently, data shows that cash is often managed up - to limits, not down - to usag...

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Topics: Vault Cash, Cash Limits, Cash Management, Cash Usage

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The Biggest Pitfall of Branch Cash Management - Managing Up to Limits

  Financial institutions (FIs), such as banks and credit unions, set limits on the maximum amount of cash they can carry in their branches and ATMs. These limits reflect cash needed to maintain insurability, regulatory compliance and risk management, and to meet fluctuating customer cash withdrawals. And that’s all well and good. But most cash is managed up to this maximum cash limit, and this is the biggest pitfall of branch cash management today.

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Topics: Cash Management, Cash Limits, Vault Cash

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What is C3 Financial and How Do You Benefit?

Have you ever wondered what tools and solutions are out there to help manage branch, ATM, device and vault cash? Managing cash internally, especially when money touches so many different hands, can be difficult and unruly to handle. There has to be a better way than cash position reports and spreadsheets.

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Topics: Analytics, Cash Management, Cash Limits

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Internal Branch Cash Studies: Doing it Yourself vs. Hiring a Professional

Branch Managers who oversee cash operations are burdened with estimating branch and ATM cash flow in order to properly service their customers. On top of that, managers must balance delivery schedules, ordering time frames and limits – all while preparing for unexpected inflows or outflows, that can happen at any time. How can you manage competing cash needs, while also addressing all the other operations of the branch?

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Topics: Analytics, Branches and ATMs, Cash Management